What if we'd just "left it in the ground?" The U.S. would be short 4.3 million jobs and over half-a-trillion dollars in annual GDP. Electricity prices would be 31% higher, we'd all be paying 43% more at the pump, carbon dioxide emissions would be 23% higher and we'd be importing 160% more oil. That's just to start.
Despite the negativity many associate with fracking, it has had a positive impact on mortgage defaults in areas where fracking occurred, according to research by a Clemson University finance professor.
To those of you that sell oil, coal, and natural gas: keep swinging. You sell the energy sources that constitute 85% of the world's energy... a world that is increasingly richer, healthier, and longer living.
Environmentalists who once championed biofuels as a way to cut pollution are now turning against a U.S. program that puts renewable fuels in cars, citing higher-than-expected carbon dioxide emissions and reduced wildlife habitat.